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Article: Highpine Oil & Gas Limited announces 2005 financial and operational results and 2006 outlook.
- Article from:
- PR Newswire
- Article date:
- March 9, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, March 8 /PRNewswire-FirstCall/ -- Highpine Oil & Gas Limited (TSX: HPX) ("Highpine" or the "Company") is pleased to provide its financial and operational results from an exceptional growth year in 2005 and its 2006 outlook.
2005 Financial and Operational Highlights
- Oil and gas revenues increased 237% to $147.3 million from
$43.7 million in 2004;
- Cash flow increased 277% to $74.6 million from $19.8 million in 2004;
Cash flow per diluted share increased 80% to $2.09 from $1.16
in 2004;
- Net earnings increased 286% to $12.3 million from $3.2 million in
2004; Net earnings per diluted share increased 79% to $0.34 ...